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▻http://www.eurotopics.net/en/home/presseschau/archiv/archiv_dossier/DOSSIER135609-Next-pillar-of-banking-union-standing
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Too big to fail - the spectre remains
One problem has been addressed neither by Europe nor by the US, the Christian-conservative daily Salzburger Nachrichten writes: "Many banks are still far too big. And no one can explain why they have to be so big that they have the potential to drag entire countries to the brink of ruin - or even plunge them into the abyss. Their representatives say that international customers want to be advised globally by one partner, hence size is essential. No one questions this, everyone just accepts it. That’s why even in the sixth year after the financial crisis the spectre of ’too big to fail’ is still haunting us. If we could put a stop to this, we would have learned one of the most important lessons from the financial crisis: no bank should be so big that it cannot fail. No financial regulator dares take up this challenge, however, so the newly avowed security is just a chimera." (19/12/2013)
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More from the press review on the subject » EU Policy, » Fiscal Policy, » Banks, » Europe, » Global
All available articles from » Richard Wiens
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#main-focus
1-Breakthrough thanks to Merkel
2-Too big to fail - the spectre remains
3-Europe makes progress step by step